Likely Not All Crop Insurance Proceeds Can be Deferred This Year

A farmer who qualifies can elect to defer crop insurance proceeds for one year after damage, but not for the portion related to price.

Many farmers will collect crop insurance this year. I actually am collecting crop insurance on my wheat ground in Eastern Washington, but in my case, I likely will not be able to defer any of the proceeds since it is all related to price not damage. My final yields were all greater than my APH, but the price of wheat had dropped sufficient enough to generate a claim.